Miracle Mile Advisors LLC Takes $1.64 Million Position in JPMorgan U.S. Momentum Factor ETF $JMOM

Miracle Mile Advisors LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) in the third quarter, HoldingsChannel.com reports. The firm purchased 24,089 shares of the company’s stock, valued at approximately $1,636,000.

A number of other institutional investors have also recently added to or reduced their stakes in JMOM. Integrated Wealth Concepts LLC boosted its position in JPMorgan U.S. Momentum Factor ETF by 7.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 186,912 shares of the company’s stock valued at $10,534,000 after buying an additional 12,275 shares during the last quarter. Legacy Wealth Managment LLC ID acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $88,000. ROSS JOHNSON & Associates LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the first quarter worth about $38,000. Jane Street Group LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the first quarter valued at about $1,790,000. Finally, Belpointe Asset Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter valued at approximately $680,000.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.9%

JMOM stock opened at $68.76 on Friday. The stock’s 50 day moving average is $68.28 and its two-hundred day moving average is $66.55. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $48.68 and a 52-week high of $69.71. The company has a market capitalization of $1.72 billion, a PE ratio of 27.64 and a beta of 1.04.

JPMorgan U.S. Momentum Factor ETF Company Profile

The JPMorgan U.S. Momentum Factor ETF (JMOM) is an exchange-traded fund that is based on the JP Morgan US Momentum Factor index. The fund tracks an index of US large-cap companies with strong momentum, weighted by optimized market-cap. JMOM was launched on Nov 8, 2017 and is managed by JPMorgan Chase.